For each of the following independent cases (1 to 4), compute the missing values. (Enter all amounts as positive values.) Beginning raw materials Raw materials purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold Case 1 5,500 53,000 700 1,700 36,000 54,000 50,000 132,000 79,000 78,000 Case 2 11,650 2,500 2,850 15,300 39,550 78,600 38,600 73,800 31,100 79,000 Case 3 Case 4 25,000 $ 96,000 43,640 900 $ 32,420 30,580 94,100 41,550 90,925 52,000 111,875 3,900 94,500 122,650 540,930 102,220 236,800 834,900 398,300 839,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For each of the following independent cases (1 to 4), compute the missing values.
(Enter all amounts as positive values.)
Beginning raw materials
Raw materials purchases
Indirect materials issued
Ending raw materials
Direct materials used
Direct labor
Manufacturing overhead applied
Total current manufacturing costs
Beginning work in process
Ending work in process
Cost of goods manufactured
Beginning finished goods
Ending finished goods
Cost of goods sold
Case 1
$
5,500
53,000
700
1,700
36,000
54,000
50,000
132,000
79,000
78,000
Case 2
11,650
2,500
2,850
15,300
39,550
78,600
38,600
73,800
31,100
79,000
Case 3
Case 4
$ 25,000 $ 96,000
43,640
900
32,420
30,580
94,100
3,900
94,500
111,875
122,650
540,930
102,220
41,550
236,800
90,925 834,900
52,000
398,300
839,400
Transcribed Image Text:For each of the following independent cases (1 to 4), compute the missing values. (Enter all amounts as positive values.) Beginning raw materials Raw materials purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead applied Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold Case 1 $ 5,500 53,000 700 1,700 36,000 54,000 50,000 132,000 79,000 78,000 Case 2 11,650 2,500 2,850 15,300 39,550 78,600 38,600 73,800 31,100 79,000 Case 3 Case 4 $ 25,000 $ 96,000 43,640 900 32,420 30,580 94,100 3,900 94,500 111,875 122,650 540,930 102,220 41,550 236,800 90,925 834,900 52,000 398,300 839,400
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